Select Bancorp (SLCT) 10-Q 10 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	SELECT BANCORP, INC.
Entity Central Index Key	1,263,762
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SLCT
Entity Common Stock, Shares Outstanding		11,630,373

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	[1]
ASSETS
Cash and due from banks	$ 14,896	$ 12,567
Interest-earning deposits in other banks	54,582	49,842
Certificates of deposit	1,000	1,000
Investment securities available for sale, at fair value	69,879	80,709
Loans	632,187	617,398
Allowance for loan losses	(7,692)	(7,021)
NET LOANS	624,495	610,377
Accrued interest receivable	2,406	2,350
Stock in Federal Home Loan Bank of Atlanta (“FHLB”), at cost	2,318	2,112
Other non-marketable securities	757	705
Foreclosed real estate	716	1,401
Premises and equipment, net	18,614	19,078
Bank owned life insurance	21,888	21,592
Goodwill	6,931	6,931
Core deposit intangible (“CDI”)	1,014	1,241
Assets held for sale	1,246	846
Other assets	5,846	6,264
TOTAL ASSETS	826,588	817,015
Deposits:
Demand	156,640	148,304
Savings	39,870	37,353
Money market and NOW	172,241	179,450
Time	292,523	286,054
TOTAL DEPOSITS	661,274	651,161
Short-term debt	30,505	29,673
Long-term debt	28,415	28,703
Accrued interest payable	251	232
Accrued expenses and other liabilities	4,612	2,544
TOTAL LIABILITIES	725,057	712,313
Shareholders' Equity:
Preferred stock, no par value, 5,000,000 shares authorized; 0 and 7,645 shares issued and outstanding at June 30, 2016 and December 31, 2015	0	7,645
Common stock, $1.00 par value, 25,000,000 shares authorized; 11,619,184 and 11,583,011 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	11,619	11,583
Additional paid-in capital	69,405	69,061
Retained earnings	19,329	15,923
Common stock issued to deferred compensation trust, at cost; 267,554 and 253,538 shares at June 30, 2016 and December 31, 2015, respectively	(2,224)	(2,139)
Directors’ Deferred Compensation Plan Rabbi Trust	2,224	2,139
Accumulated other comprehensive income	1,178	490
TOTAL SHAREHOLDERS’ EQUITY	101,531	104,702
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 826,588	$ 817,015
[1]	* Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	7,645
Preferred Stock, Shares Outstanding	0	7,645
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	11,619,184	11,583,011
Common stock, shares outstanding	11,619,184	11,583,011
Deferred Compensation, Share-based Payments [Member]
Common stock, shares issued	267,554	253,538

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME
Loans	$ 8,242	$ 7,789	$ 16,207	$ 15,538
Federal funds sold and interest-earning deposits in other banks	60	6	137	31
Investments	343	467	733	935
TOTAL INTEREST INCOME	8,645	8,262	17,077	16,504
INTEREST EXPENSE
Money market, NOW and savings deposits	94	96	193	195
Time deposits	647	614	1,308	1,335
Short-term debt	106	25	140	46
Long-term debt	65	100	198	198
TOTAL INTEREST EXPENSE	912	835	1,839	1,774
NET INTEREST INCOME	7,733	7,427	15,238	14,730
PROVISION FOR (RECOVERY OF) LOAN LOSSES	158	(139)	510	(9)
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES	7,575	7,566	14,728	14,739
NON-INTEREST INCOME
Gain on sale of investment securities	0	134	22	219
Service charges on deposit accounts	246	263	493	522
Other fees and income	585	544	1,182	1,063
TOTAL NON-INTEREST INCOME	831	941	1,697	1,804
NON-INTEREST EXPENSE
Personnel	3,087	3,011	6,289	6,072
Occupancy and equipment	607	565	1,181	1,112
Deposit insurance	135	106	261	267
Professional fees	252	387	487	742
CDI amortization	111	150	227	305
Merger/acquisition related expenses	0	35	0	35
Information systems	524	521	1,033	884
Foreclosed-related expenses	24	35	63	59
Other	779	743	1,598	1,447
TOTAL NON-INTEREST EXPENSE	5,519	5,553	11,139	10,923
INCOME BEFORE INCOME TAX	2,887	2,954	5,286	5,620
INCOME TAXES	980	1,133	1,876	2,056
NET INCOME	1,907	1,821	3,410	3,564
DIVIDENDS AND ACCRETION OF PREFERRED STOCK	0	19	4	38
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 1,907	$ 1,802	$ 3,406	$ 3,526
NET INCOME PER COMMON SHARE
Basic (in dollars per share)	$ 0.16	$ 0.16	$ 0.29	$ 0.31
Diluted (in dollars per share)	$ 0.16	$ 0.16	$ 0.29	$ 0.31
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	11,594,995	11,481,137	11,589,217	11,453,908
Diluted (in shares)	11,642,726	11,548,878	11,638,669	11,529,605

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 1,907	$ 1,821	$ 3,410	$ 3,564
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale	338	(680)	1,099	(72)
Tax effect	(113)	259	(397)	25
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	225	(421)	702	(47)
Reclassification adjustment for gain included in net income	0	(134)	(22)	(219)
Tax effect	0	45	8	78
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax	0	(89)	(14)	(141)
Total	225	(510)	688	(188)
Total comprehensive income	$ 2,132	$ 1,311	$ 4,098	$ 3,376

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional paid-in Capital [Member]	Retained Earnings [Member]	Common Stock Issued to Deferred Compensation Trust [Member]	Deferred Comp Plan [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2014	$ 97,685	$ 7,645	$ 11,378	$ 68,406	$ 9,447	$ (2,121)	$ 2,121	$ 809
Balance (in shares) at Dec. 31, 2014		7,645	11,377,980
Net income	3,564	$ 0	$ 0	0	3,564	0	0	0
Other comprehensive income, loss	(188)	0	0	0	0	0	0	(188)
Preferred stock dividends paid	(38)	0	0	0	(38)	0	0	0
Stock option exercises	512	$ 0	$ 121	391	0	0	0	0
Stock option exercises (in shares)		0	121,418
Stock based compensation	17	$ 0	$ 0	17	0	0	0	0
Director equity incentive plan, net	0	0	0	0	0	61	(61)	0
Balance at Jun. 30, 2015	101,552	$ 7,645	$ 11,499	68,814	12,973	(2,060)	2,060	621
Balance (in shares) at Jun. 30, 2015		7,645	11,499,398
Balance at Dec. 31, 2015	104,702	$ 7,645	$ 11,583	69,061	15,923	(2,139)	2,139	490
Balance (in shares) at Dec. 31, 2015		7,645	11,583,011
Net income	3,410	$ 0	$ 0	0	3,410	0	0	0
Other comprehensive income, loss	688	0	0	0	0	0	0	688
Preferred stock dividends paid	(4)	0	0	0	(4)	0	0	0
Preferred stock redemption	(7,645)	$ (7,645)	$ 0	0	0	0	0	0
Preferred stock redemption (in shares)		(7,645)	0
Stock option exercises	344	$ 0	$ 36	308	0	0	0	0
Stock option exercises (in shares)		0	36,173
Stock based compensation	36	$ 0	$ 0	36	0	0	0	0
Director equity incentive plan, net	0	0	0	0	0	(85)	85	0
Balance at Jun. 30, 2016	$ 101,531	$ 0	$ 11,619	$ 69,405	$ 19,329	$ (2,224)	$ 2,224	$ 1,178
Balance (in shares) at Jun. 30, 2016		0	11,619,184

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 3,410	$ 3,564
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	510	(9)
Depreciation and amortization of premises and equipment	520	541
Amortization and accretion of investment securities	400	491
Amortization of deferred loan fees and costs	(236)	(134)
Amortization of core deposit intangible	227	305
Stock-based compensation	36	17
Accretion on acquired loans	(534)	(848)
Amortization of acquisition premium on time deposits	(385)	(451)
Net accretion of acquisition discount on borrowings	(153)	(244)
Increase in cash surrender value of bank owned life insurance	(296)	(311)
Net loss on sale and write-downs of foreclosed real estate	48	55
Net gain on investment security sales and pay-downs	(22)	(219)
Change in assets and liabilities:
Net change in accrued interest receivable	(56)	148
Net change in other assets	7	882
Net change in accrued expenses and other liabilities	2,087	274
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,563	4,061
CASH FLOWS FROM INVESTING ACTIVITIES
Redemption of FHLB stock	(206)	(525)
Purchase (redemption) of non-marketable security	(52)	51
Purchase of investment securities available for sale	(1,517)	(7,057)
Maturities of investment securities available for sale	7,434	11,429
Mortgage-backed securities pay-downs	5,010	4,722
Proceeds from sale of investment securities available for sale	624	5,640
Net change in loans outstanding	(14,436)	(20,702)
Proceeds from sale of foreclosed real estate	1,215	500
Purchases of premises and equipment	(456)	(1,343)
NET CASH USED BY INVESTING ACTIVITIES	(2,384)	(7,285)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	10,498	(38,842)
Proceeds from short-term debt	16,000	19,976
Repayments on short-term debt	(14,390)	(7,779)
Repayments on long-term debt	(913)	(479)
Preferred stock dividends paid	(4)	(38)
Redemption of preferred stock	(7,645)	0
Proceeds from stock option exercises	344	512
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	3,890	(26,650)
NET CHANGE IN CASH AND CASH EQUIVALENTS	7,069	(29,874)
CASH AND CASH EQUIVALENTS, BEGINNING	63,409	58,410
CASH AND CASH EQUIVALENTS, ENDING	70,478	28,536
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	1,820	1,853
Taxes	0	1,058
Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax	688	(188)
Transfers from loans to foreclosed real estate	578	43
Transfers from premises and equipment to assets held for sale	$ 400	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A - BASIS OF PRESENTATION Select Bancorp, Inc. (“Company”) is a bank holding company whose principal business activity consists of ownership of Select Bank & Trust Company (referred to as the “Bank”). In 2004, the Company formed New Century Statutory Trust I, which issued trust preferred securities to provide additional capital for general corporate purposes, including the current and future expansion of the Company. New Century Statutory Trust I is not a consolidated subsidiary of the Company . Select Bank & Trust Company was originally incorporated as New Century Bank on May 19, 2000 and began banking operations on May 24, 2000. Legacy Select Bank & Trust Company was incorporated on July 30, 2004 and was merged with and into the Bank on July 25, 2014 in connection with the Company’s acquisition of Legacy Select. Select Bank & Trust Company continues as the only banking subsidiary of the Company with its headquarters and operations center located in Dunn, NC. The Bank is engaged in general commercial and retail banking in central and eastern North Carolina and operates under the banking laws of North Carolina and the rules and regulations of the Federal Deposit Insurance Corporation and the North Carolina Commissioner of Banks. The Bank undergoes periodic examinations by those regulatory authorities. All significant inter-company transactions and balances have been eliminated in consolidation. In management’s opinion, the financial information, which is unaudited, reflects all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of the financial information as of and for the three and six month periods ended June 30, 2016 and 2015, in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, as well as the amounts of income and expense during the reporting period. Actual results could differ from those estimates. Operating results for the three and six month periods ended June 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2016. The organization and business of the Company, accounting policies followed by the Company and other relevant information are contained in the notes to the financial statements filed as part of the Company’s 2015 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 24, 2016. This quarterly report should be read in conjunction with the Annual Report. Certain reclassifications of the information in prior periods were made to conform to the June 30, 2016 presentation. Such reclassifications had no effect on shareholders’ equity or net income as previously reported.

PER SHARE RESULTS

PER SHARE RESULTS	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE B - PER SHARE RESULTS 123,800 111,080 Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted average shares used for basic net income available to common shareholders 11,594,995 11,481,137 11,589,217 11,453,908 Effect of dilutive stock options 47,731 67,741 49,452 75,697 Weighted average shares used for diluted net income available to common shareholders 11,642,726 11,548,878 11,638,669 11,529,605

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE C - RECENT ACCOUNTING PRONOUNCEMENTS The following summarizes recent accounting pronouncements and their expected impact on the Company: In September 2015, the FASB issued Accounting Standard Update 2015-16, Simplifying the Accounting for Measurement Period Adjustments In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2015, the FASB deferred the effective date of ASU 2014-09, Revenue from Contracts with Customers. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting, . In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis In August 2015, the FASB issued ASU 2015-15, Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB issued ASU 2016-02, Leases Other accounting standards that have been issued or proposed by FASB or other standards-setting bodies are not expected to have a material impact on the Company’s consolidated financial position, results of operations and cash flows. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. From time to time, the FASB issues exposure drafts for proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTED D - FAIR VALUE MEASUREMENTS Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation. Fair value estimates are made at a specific moment in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no active market readily exists for a portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: ⋅ Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. ⋅ Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. ⋅ Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. Investment Securities Available-for-Sale Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include U.S. government agency securities, mortgage-backed securities issued by government sponsored entities, and municipal bonds. There have been no changes in valuation techniques for the three and six months ended June 30, 2016. Valuation techniques are consistent with techniques used in prior periods. Investment securities Fair value Quoted Prices in Significant Significant U.S. government agencies – GSE's $ 17,694 $ - $ 17,694 $ - Mortgage-backed securities - GSE’s 35,408 - 35,408 - Municipal bonds 16,777 - 16,777 - Total $ 69,879 $ - $ 69,879 $ - Investment securities Fair value Quoted Prices in Significant Significant U.S. government agencies – GSE's $ 21,226 $ - $ 21,226 $ - Mortgage-backed securities - GSE’s 39,536 - 39,536 - Municipal bonds 19,947 - 19,947 - Total $ 80,709 $ - $ 80,709 $ - The following is a description of valuation methodologies used for assets recorded at fair value on a non-recurring basis. Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC 310, “Receivables”. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, or liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At June 30, 2016 and December 31, 2015, substantially all of the total impaired loans were evaluated based on the fair value of the collateral. Impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as non-recurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as non-recurring Level 3. The significant unobservable input used in the fair value measurement of the Company’s impaired loans is the discount applied to appraised values to account for expected liquidation and selling costs. At June 30, 2016, the discounts to appraised value used are weighted between 4 50 Foreclosed Real Estate Foreclosed real estate are properties recorded at estimated fair value less estimated selling costs. Inputs include appraised values on the properties or recent sales activity for similar assets in the property’s market. Therefore, foreclosed real estate is classified within Level 3 of the hierarchy. The significant unobservable input used in the fair value measurement of the Company’s foreclosed real estate is the discount applied to appraised values to account for expected liquidation and selling costs. At June 30, 2016, the discounts used ranged between 6 10 Assets held for sale During 2015, a branch facility was taken out of service as part of the Company’s branch restructuring plan and reclassified as held for sale. In the current quarter an undeveloped lot that was intended for the site of a future branch was under contract for sale as of June 30, 2016 and the fair value is based on the sales price. The lot sale closed in July 2016. The properties are recorded at the remaining book balance of the asset or an estimated fair value less estimated selling costs, whichever is less. Inputs include appraised values on the properties or recent sales activity for similar assets in the property’s market. The significant unobservable input used is the discount applied to appraised values to account for expected liquidation and selling costs ranged between 1 25 The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a non-recurring basis as of June 30, 2016 and December 31, 2015 (in thousands): Asset Category Fair value Quoted Prices in Significant Significant Impaired loans $ 5,860 $ - $ - $ 5,860 Assets held for sale 1,246 - - 1,246 Foreclosed real estate 716 - - 716 Total $ 7,822 $ - $ - $ 7,822 Asset Category Fair value Quoted Prices in Significant Significant Impaired loans $ 6,635 $ - $ - $ 6,635 Assets held for sale 846 - - 846 Foreclosed real estate 1,401 - - 1,401 Total $ 8,882 $ - $ - $ 8,882 The following table presents the carrying values and estimated fair values of the Company's financial instruments at June 30, 2016 and December 31, 2015: June 30, 2016 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 14,896 $ 14,896 $ 14,896 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 54,582 54,582 54,582 - - Investment securities available for sale 69,879 69,879 - 69,879 - Loans, net 624,495 633,534 - - 633,534 Accrued interest receivable 2,406 2,406 - - 2,406 Stock in FHLB 2,318 2,318 - - 2,318 Other non-marketable securities 757 757 - - 757 Financial liabilities: Deposits $ 661,274 $ 661,658 $ - $ 661,658 $ - Short-term debt 30,505 30,505 - 30,505 - Long-term debt 28,415 23,430 - 23,430 - Accrued interest payable 251 251 - 251 - December 31, 2015 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 12,567 $ 12,567 $ 12,567 $ - $ - Certificates of deposits 1,000 1,000 1,000 - - Interest-earning deposits in other banks 49,842 49,842 49,842 - - Investment securities available for sale 80,709 80,709 - 80,709 - Loans, net 610,377 615,754 - - 615,754 Accrued interest receivable 2,350 2,350 - - 2,350 Stock in the FHLB 2,112 2,112 - - 2,112 Other non-marketable securities 705 705 - - 705 Financial liabilities: Deposits $ 651,161 $ 651,255 $ - $ 651,255 $ - Short-term debt 29,673 29,673 - 29,673 - Long-term debt 28,703 23,718 - 23,718 - Accrued interest payable 232 232 - 232 - Cash and Due from Banks, Certificates of Deposit, Interest-Earning Deposits in Other Banks and Federal Funds Sold The carrying amounts for cash and due from banks, certificates of deposit, interest-earning deposits in other banks and federal funds sold approximate fair value because of the short maturities of those instruments. Investment Securities Available for Sale Fair value for investment securities available for sale equals quoted market price if such information is available. If a quoted market price is not available, fair value is estimated using prices quoted for similar investments or quoted market prices obtained from independent pricing services. Loans For certain homogenous categories of loans, such as residential mortgages, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. However, the values likely do not represent exit prices due to distressed market conditions. Stock in Federal Home Loan Bank of Atlanta The fair value for FHLB stock approximates carrying value, based on the redemption provisions of the FHLB stock. Other Non-Marketable Securities The fair value of equity instruments in other non-marketable securities is assumed to approximate carrying value. Deposits The fair value of demand, savings, and money market and NOW deposits is the amount payable on demand at the reporting date. The fair values of time deposits are estimated using the rates currently offered for instruments of similar remaining maturities. Short-term Debt Short-term debt consists of repurchase agreements and FHLB advances with maturities of less than twelve months. The carrying values of these instruments is a reasonable estimate of fair value. Long-term Debt The fair values of long-term debt are based on discounted expected cash flows at the interest rate for debt with the same or similar remaining maturities and collateral requirements. Accrued Interest Receivable and Accrued Interest Payable The carrying amounts of accrued interest receivable and payable approximate fair value because of the short maturities of these instruments. Financial Instruments with Off-Balance Sheet Risk With regard to financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of future financing commitments.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE E - INVESTMENT SECURITIES June 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 17,509 $ 196 $ (11) $ 17,694 Mortgage-backed securities – GSE’s 34,321 1,087 - 35,408 Municipal bonds 16,169 608 - 16,777 $ 67,999 $ 1,891 $ (11) $ 69,879 As of June 30, 2016, accumulated other comprehensive income included net unrealized gains totaling $ 1.9 701,000 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 21,321 $ 101 $ (196) $ 21,226 Mortgage-backed securities – GSE’s 39,123 475 (62) 39,536 Municipal bonds 19,484 465 (2) 19,947 $ 79,928 $ 1,041 $ (260) $ 80,709 As of December 31, 2015, accumulated other comprehensive income included net unrealized gains totaling $ 781,000 291,000 June 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 2,758 $ 32 $ - $ 2,790 After 1 year but within 5 years 44,238 1,257 (4) 45,491 After 5 years but within 10 years 12,173 215 (7) 12,381 After 10 years 8,830 387 - 9,217 $ 67,999 $ 1,891 $ (11) $ 69,879 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 1,361 $ 6 $ - $ 1,367 After 1 year but within 5 years 52,577 628 (99) 53,106 After 5 years but within 10 years 17,297 146 (161) 17,282 After 10 years 8,693 261 - 8,954 $ 79,928 $ 1,041 $ (260) $ 80,709 Securities with a carrying value of $ 42.4 45.2 Since none of the unrealized losses relate to the liquidity of the securities or the issuer’s ability to honor redemption obligations and the Company has the intent and ability to hold these securities to recovery, no other than temporary impairments were identified for these investments having unrealized losses for the periods ended June 30, 2016 and December 31, 2015. In 2015, the Company did not incur a loss on the disposal of any security and it has not realized any losses related to the sale of securities in 2016. The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015. June 30, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies- GSE’s $ 1,779 $ (3) $ 1,776 $ (8) $ 3,555 $ (11) Total temporarily impaired securities $ 1,779 $ (3) $ 1,776 $ (8) $ 3,555 $ (11) At June 30, 2016, the Company had two AFS securities with an unrealized loss for twelve or more consecutive months. Two U.S. government agency GSE’s had unrealized losses for more than twelve months totaling $ 8,000 3,000 624,000 22,000 December 31, 2015 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 7,039 $ (70) $ 7,615 $ (126) $ 14,654 $ (196) Mortgage-backed securities- GSE’s 7,916 (62) - - 7,916 (62) Municipal bonds 111 (2) - - 111 (2) Total temporarily impaired securities $ 15,066 $ (134) $ 7,615 $ (126) $ 22,681 $ (260) At December 31, 2015, the Company had five AFS securities with an unrealized loss for twelve or more consecutive months. Five U.S. government agency GSE’s had unrealized losses for more than twelve months totaling $ 126,000 134,000

LOANS

LOANS	6 Months Ended
	Jun. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE F - LOANS June 30, December 31, Total Loans: 2016 2015 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 94,990 15.03 % $ 87,955 14.25 % Commercial real estate 247,922 39.22 % 259,259 41.99 % Multi-family residential 46,295 7.32 % 40,738 6.60 % Construction 113,279 17.92 % 107,688 17.44 % Home equity lines of credit (“HELOC”) 42,055 6.65 % 42,002 6.80 % Total real estate loans 544,541 86.14 % 537,642 87.08 % Other loans: Commercial and industrial 80,154 12.68 % 73,491 11.90 % Loans to individuals 8,452 1.34 % 7,207 1.17 % Overdrafts 102 0.01 % 48 0.01 % Total other loans 88,708 14.03 % 80,746 13.08 % Gross loans 633,249 618,388 Less deferred loan origination fees, net (1,062) (0.17) % (990) (0.16) % Total loans 632,187 100.00 % 617,398 100.00 % Allowance for loan losses (7,692) (7,021) Total loans, net $ 624,495 $ 610,377 Loans are primarily secured by real estate located in eastern and central North Carolina. Real estate loans can be affected by the condition of the local real estate market and by local economic conditions. At June 30, 2016, the Company had pre-approved but unused lines of credit for customers totaling $ 142.6 A floating lien of $ 57.5 A description of the various loan products provided by the Bank is presented below. 1-to-4 Family Residential Loans Residential 1-to-4 family loans are mortgage loans secured by residential real estate within the Bank’s market areas. These loans may also include loans that convert from construction loans into permanent financing and are secured by properties within the Bank’s market areas. Commercial Real Estate Loans Commercial real estate loans are underwritten based on the borrower’s ability to generate adequate cash flow to repay the subject debt within reasonable terms. Commercial real estate loans typically include both owner and non-owner occupied properties with higher principal loan amounts. The repayment of these loans is generally dependent on the successful management of the property. Commercial real estate loans are sensitive to market and general economic conditions. Repayment analysis must be performed and consists of an identified primary/cash flow source of repayment and a secondary/liquidation source of repayment. The primary source of repayment is cash flow from income generated from rental or lease of the property. However, the cash flow can be supplemented with the borrower's and guarantor's global cash flow position. Other credit issues such as the business fundamentals and financial strength of the borrower/guarantor can be considered in determining adequacy of repayment ability. The secondary source of repayment is liquidation of the collateral, supplemented by a liquidation cushion provided by the financial assets of the borrower/guarantor. Management monitors and evaluates commercial real estate loans based on collateral, cash flow, market area, and risk grade. Multi-family Residential Loans Multi-family residential loans are typically non-farm properties with 5 or more dwelling units in structures which include apartment buildings used primarily to accommodate households on a more or less permanent basis. Successful performance of these types of loans is primarily dependent on occupancy rates, rental rates, and property management. Construction Loans Construction loans are non-revolving extensions of credit secured by real property of which the proceeds are used to acquire and develop land and to construct commercial or residential buildings. Proper underwriting of a construction loan consists of the initial process of obtaining, analyzing, and approving various aspects of information pertaining to: the feasibility, marketability, and valuation of the project. Also, consideration is given to the traditionally considered to be higher risk loans involving technical and legal requirements inherently different from other types of loans; however with thorough credit underwriting, proper loan structure, and diligent loan servicing, these risks can often be mitigated. Home Equity Lines of Credit Home equity lines of credit are consumer-purpose revolving extensions of credit which are secured by first or second liens on owner-occupied residential real estate. Appropriate risk management and compliance practices are exercised to ensure that loan-to-value, lien perfection, and compliance risks are addressed and managed within the Bank’s established guidelines. The degree of utilization of revolving commitments within this loan segment is reviewed periodically to identify changes in the behavior of this borrowing group. Commercial and Industrial Loans Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to generate positive cash flow, operate profitably and prudently expand its business. Underwriting standards are designed to promote relationships to include a full range of loan, deposit, and cash management services. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower and the guarantors. The cash flows of the borrower, however, may not be as expected and the collateral securing these loans may fluctuate in value. In the case of loans secured by accounts receivable, the availability of funds for repayment can be impacted by the borrower’s ability to collect amounts due from its customers. Loans to Individuals & Overdrafts Consumer loans are approved using Bank policies and procedures established to evaluate each credit request. All lending decisions and credit risks are required to be clearly documented. Several factors are considered in making these decisions such as credit score, adjusted net worth, liquidity, debt ratio, disposable income, credit history, and loan-to-value of the collateral. This process, combined with the relatively smaller loan amounts spreads the risk among many individual borrowers. Total Loans: June 30, 2016 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 150 $ 84 $ 234 $ 79,920 $ 80,154 Construction 143 423 566 112,713 113,279 Multi-family residential - 367 367 45,928 46,295 Commercial real estate 84 3,690 3,774 244,148 247,922 Loans to individuals & overdrafts 21 155 176 8,378 8,554 1-to-4 family residential 1,024 781 1,805 93,185 94,990 HELOC - 360 360 41,695 42,055 Deferred loan (fees) cost, net - - - - (1,062) $ 1,422 $ 5,860 $ 7,282 $ 625,967 $ 632,187 There were three loans that amounted to $ 571,000 December 31, 2015 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Total Loans Commercial and industrial $ 455 $ 13 $ 468 $ 73,023 $ 73,491 Construction - 523 523 107,165 107,688 Multi-family residential 44 431 475 40,263 40,738 Commercial real estate 1,214 3,711 4,925 254,334 259,259 Loans to individuals & overdrafts 14 4 18 7,237 7,255 1-to-4 family residential 650 1,594 2,244 85,711 87,955 HELOC 124 359 483 41,519 42,002 Deferred loan (fees) cost, net - - - - (990) $ 2,501 $ 6,635 $ 9,136 $ 609,252 $ 617,398 There was one loan in the amount of $ 142,000 Impaired Loans of June 30, 2016 and December 31, 2015: Three months ended Six months ended As of June 30, 2016 June 30, 2016 June 30, 2016 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 370 $ 371 $ - $ 469 $ 2 $ 237 $ 8 Construction 511 637 - 558 2 563 6 Commercial real estate 3,749 5,346 - 3,304 29 4,378 72 Loans to individuals & overdrafts - - - - - - - Multi-family residential 367 375 - 368 3 397 8 1-to-4 family residential 1,250 1,546 - 1,257 36 1,656 52 HELOC 623 787 - 658 10 661 18 Subtotal: 6,870 9,062 - 6,614 82 7,892 164 With an allowance recorded: Commercial and industrial 65 65 7 35 - 39 1 Construction - - - - - - - Commercial real estate 3,082 3,692 96 3,389 4 2,165 18 Loans to individuals & overdrafts - - - - - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 277 277 12 314 2 284 8 HELOC 33 35 - 41 - 16 - Subtotal: 3,457 4,069 115 3,779 6 2,506 27 Totals: Commercial 8,144 10,486 103 8,123 40 7,779 113 Consumer - - - - - 2 - Residential 2,183 2,645 12 2,270 48 2,617 78 Grand Total: $ 10,327 $ 13,131 $ 115 $ 10,393 $ 88 $ 10,398 $ 191 Impaired loans at June 30, 2016 were approximately $ 10.3 5.9 4.4 3.5 6.9 1.4 Three months ended Six months ended As of December 31, 2015 June 30, 2015 June 30, 2015 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 105 $ 106 $ - $ 640 $ 6 $ 606 $ 38 Construction 615 764 - 973 10 1,095 23 Commercial real estate 5,006 7,229 - 2,556 49 2,468 93 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - 1,769 21 1,785 43 1 to 4 family residential 2,061 2,666 - 2,485 28 2,368 59 HELOC 699 868 - 641 9 641 20 Subtotal: 8,486 11,633 - 9,064 123 8,963 276 With an allowance recorded: Commercial and industrial 13 13 2 11 - 138 - Construction - - - 166 1 166 2 Commercial real estate 1,248 1,314 73 4,436 19 4,643 80 Loans to individuals & overdrafts 4 4 4 - - - - Multi-family residential - - - - - - - 1 to 4 family residential 290 290 15 495 6 476 10 HELOC - - - 288 - 289 - Subtotal: 1,555 1,621 94 5,396 26 5,712 92 Totals: Commercial 6,987 9,426 75 10,551 106 10,901 279 Consumer 4 4 4 - - - - Residential 3,050 3,824 15 3,909 43 3,774 89 Grand Total: $ 10,041 $ 13,254 $ 94 $ 14,460 $ 149 $ 14,675 $ 368 Impaired loans at December 31, 2015 were approximately $ 10.0 6.6 3.4 1.6 8.4 8.5 1.6 Loans are placed on non-accrual status when it has been determined that all contractual principal and interest will not be received. Any payments received on these loans are applied to principal first and then to interest only after all principal has been collected. In the case of an impaired loan that is still on accrual basis, payments are applied to both principal and interest. Troubled Debt Restructurings Three months ended June 30, 2016 Six months ended June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Extended payment terms: 1-to-4 family residential 1 $ 49 $ 49 1 $ 49 $ 49 C & I 2 251 160 3 296 206 Consumer 1 4 4 1 4 4 Total 4 $ 304 $ 213 5 $ 349 $ 259 Three months ended June 30, 2015 Six months ended June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Below market interest rate: 1-to-4 family residential - $ - $ - 1 $ 22 $ 22 Total - $ - $ - 1 $ 22 $ 22 Loans may be considered troubled debt restructurings for reasons other than below market interest rates, extended payment terms or forgiveness of principal. Twelve months ended Twelve months ended June 30, 2016 June 30, 2015 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial real estate 3 $ 206 1 $ 140 Consumer 1 4 - - Multi-family residential 1 370 - - 1-to-4 family residential 1 49 - - Total 6 $ 629 1 $ 140 At June 30, 2016, the Bank had thirty five loans with an aggregate balance of $ 4.2 2.9 1.3 At June 30, 2015, the Bank had forty one loans with an aggregate balance of $ 6.7 3.7 3.0 Credit Quality Indicators As part of the on-going monitoring of the credit quality of the loan portfolio, management utilizes a risk grading matrix to assign a risk grade to each of the Company’s loans. All non-consumer loans are graded on a scale of 1 to 9. A description of the general characteristics of these nine different risk grades is as follows: ⋅ Risk Grade 1 (Superior) - Credits in this category are virtually risk-free and are well-collateralized by cash-equivalent instruments. The repayment program is well-defined and achievable. Repayment sources are numerous. No material documentation deficiencies or exceptions exist. ⋅ Risk Grade 2 (Very Good) - This grade is reserved for loans secured by readily marketable collateral, or loans within guidelines to borrowers with liquid financial statements. A liquid financial statement is a financial statement with substantial liquid assets relative to debts. These loans have excellent sources of repayment, with no significant identifiable risk of collection, and conform in all respects to Bank policy, guidelines, underwriting standards, and Federal and State regulations (no exceptions of any kind). ⋅ Risk Grade 3 (Good) - These loans have excellent sources of repayment, with no significant identifiable risk of collection. Generally, loans assigned this risk grade will demonstrate the following characteristics: Conformity in all respects with Bank policy, guidelines, underwriting standards, and Federal and State regulations (no exceptions of any kind). Loans assigned this risk grade will demonstrate the following characteristics: o Documented historical cash flow that meets or exceeds required minimum Bank guidelines, or that can be supplemented with verifiable cash flow from other sources. o Adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. ⋅ Risk Grade 4 (Acceptable) - This grade is given to acceptable loans. These loans have adequate sources of repayment, with little identifiable risk of collection. Loans assigned this risk grade will demonstrate the following characteristics: o General conformity to the Bank's policy requirements, product guidelines and underwriting standards, with limited exceptions. Any exceptions that are identified during the underwriting and approval process have been adequately mitigated by other factors. o Documented historical cash flow that meets or exceeds required minimum Bank guidelines, or that can be supplemented with verifiable cash flow from other sources. o Adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. ⋅ Risk Grade 5 (Acceptable With Care) - This grade is given to acceptable loans that show signs of weakness in either adequate sources of repayment or collateral, but have demonstrated mitigating factors that minimize the risk of delinquency or loss. Loans assigned this grade may demonstrate some or all of the following characteristics: o Additional exceptions to the Bank's policy requirements, product guidelines or underwriting standards that present a higher degree of risk to the Bank. Although the combination and/or severity of identified exceptions is greater, all exceptions have been properly mitigated by other factors. o Unproven, insufficient or marginal primary sources of repayment that appear sufficient to service the debt at this time. Repayment weaknesses may be due to minor operational issues, financial trends, or reliance on projected (not historic) performance. o Marginal or unproven secondary sources to liquidate the debt, including combinations of liquidation of collateral and liquidation value to the net worth of the borrower or guarantor. ⋅ Risk Grade 6 (Watch List or Special Mention) – Loans in this category can have the following characteristics: o Loans with underwriting guideline tolerances and/or exceptions and with no mitigating factors. o Extending loans that are currently performing satisfactorily but with potential weaknesses that may, if not corrected, weaken the asset or inadequately protect the Bank's position at some future date. Potential weaknesses are the result of deviations from prudent lending practices. o Loans where adverse economic conditions that develop subsequent to the loan origination that don't jeopardize liquidation of the debt but do substantially increase the level of risk may also warrant this rating. ⋅ Risk Grade 7 (Substandard) - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as Substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ⋅ Risk Grade 8 (Doubtful) - Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. ⋅ Risk Grade 9 (Loss) - Loans classified as Loss are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan even though partial recovery may be affected in the future. Consumer loans are graded on a scale of 1 to 9. A description of the general characteristics of the nine risk grades is as follows: ⋅ Risk Grades 1 – 5 (Pass) – The loans in this category range from loans secured by cash with no risk of principal deterioration (Risk Grade 1) to loans that show signs of weakness in either adequate sources of repayment or collateral but have demonstrated mitigating factors that minimize the risk of delinquency or loss (Risk Grade 5). ⋅ Risk Grade 6 (Watch List or Special Mention) - Watch List or Special Mention loans include the following characteristics: o Loans within guideline tolerances or with exceptions of any kind that have not been mitigated by other economic or credit factors. o Extending loans that are currently performing satisfactorily but with potential weaknesses that may, if not corrected, weaken the asset or inadequately protect the Bank's position at some future date. Potential weaknesses are the result of deviations from prudent lending practices. o Loans where adverse economic conditions that develop subsequent to the loan origination that don't jeopardize liquidation of the debt but do substantially increase the level of risk may also warrant this rating. ⋅ Risk Grade 7 (Substandard) - A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as Substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ⋅ Risk Grade 8 (Doubtful) - Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. ⋅ Risk Grade 9 (Loss) - Loans classified Loss are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this worthless loan even though partial recovery may be affected in the future. The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of June 30, 2016 and December 31, 2015, respectively: Total loans: June 30, 2016 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (In thousands) Superior $ 598 $ - $ - $ - Very good 384 355 480 - Good 10,848 5,209 25,611 2,399 Acceptable 28,765 18,228 139,926 29,721 Acceptable with care 38,280 88,731 70,340 13,500 Special mention 696 184 5,495 48 Substandard 583 572 6,070 627 Doubtful - - - - Loss - - - - $ 80,154 $ 113,279 $ 247,922 $ 46,295 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 88,804 $ 41,146 Special mention 2,981 136 Substandard 3,205 773 $ 94,990 $ 42,055 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 8,540 Non –pass 14 $ 8,554 Total Loans: December 31, 2015 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 730 $ - $ - $ - Very good 1,314 355 114 - Good 8,241 5,827 26,538 - Acceptable 25,014 19,059 144,717 32,355 Acceptable with care 37,980 79,817 74,169 7,685 Special mention 58 2,015 7,657 - Substandard 154 615 6,064 698 Doubtful - - - - Loss - - - - $ 73,491 $ 107,688 $ 259,259 $ 40,738 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 80,596 $ 40,770 Special mention 3,678 448 Substandard 3,681 784 $ 87,955 $ 42,002 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,236 Non-pass 19 $ 7,255 Determining the fair value of Purchased Credit Impaired (PCI) loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company. Three Months Six Months Ended June 30, Ended June 30, 2016 2016 (Dollars in thousands) Accretable yield, beginning of period $ 2,657 $ 2,822 Accretion (264) (534) Reclassification from (to) nonaccretable difference (6) 2 Other changes, net 181 278 Accretable yield, end of period $ 2,568 $ 2,568 Allowance for Loan Losses The allowance for loan losses is a reserve established through provisions for loan losses charged to income and represents management’s best estimate of probable loan losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated losses and risk inherent in the loan portfolio. The Company’s allowance for loan loss methodology is based on historical loss experience by type of credit and internal risk grade, specific homogeneous risk pools and specific loss allocations, with adjustments for current events and conditions. The Company’s process for determining the appropriate level of reserves is designed to account for changes in credit quality as they occur. The provision for loan losses reflects loan quality trends, including the levels of and trends related to past due loans and economic conditions at the local and national levels. It also considers the quality and risk characteristics of the Company’s loan origination and servicing policies and practices. The Company’s allowance for loan losses model calculates historical loss rates by using a loss migration analysis associating losses to the risk-graded pool to which they relate for each of the previous twelve quarters. Then, using the twelve quarter look back period, loss factors are calculated for each risk-graded pool. The model incorporates various internal and external qualitative and environmental factors as described in the Interagency Policy Statement on the Allowance for Loan and Lease Losses, dated December 2006. Input for these factors is determined on the basis of management observation, judgment, and experience. The factors utilized by the Company in the model for all loan classes are as follows: Internal Factors ⋅ Concentrations – Measures the increased risk derived from concentration of credit exposure in particular industry segments within the portfolio. ⋅ Policy exceptions – Measures the risk derived from granting terms outside of underwriting guidelines. ⋅ Compliance exceptions– Measures the risk derived from granting terms outside of regulatory guidelines. ⋅ Document exceptions– Measures the risk exposure resulting from the inability to collect due to improperly executed documents and collateral imperfections. ⋅ Financial information monitoring – Measures the risk associated with not having current borrower financial information. ⋅ Nonaccrual – Reflects increased risk of loans with characteristics that merit nonaccrual status. ⋅ Delinquency – Reflects the increased risk deriving from higher delinquency rates. ⋅ Personnel turnover – Reflects staff competence in various types of lending. ⋅ Portfolio growth – Measures the impact of growth and potential risk derived from new loan production. External Factors ⋅ GDP growth rate – Impact of general economic factors that affect the portfolio. ⋅ North Carolina unemployment rate – Impact of local economic factors that affect the portfolio. ⋅ Peer group delinquency rate – Measures risk associated with the credit requirements of competitors. ⋅ Prime rate change – Measures the effect on the portfolio in the event of changes in the prime lending rate. Each pool is assigned an adjustment to the potential loss percentage by assessing its characteristics against each of the factors listed above. Reserves are generally divided into three allocation segments: 1. Individual reserves. These are calculated according to ASC Section 310-10-35 against loans evaluated individually and deemed to be most likely impaired. All loans in non-accrual status and all substandard loans that are deemed to be collateral dependent are assessed for impairment. Loans are deemed uncollectible based on a variety of credit, collateral, documentation and other issues. In the case of uncollectible receivables, the collateral is considered unsecured and therefore fully charged off. 2. Formula reserves. Formula reserves are held against loans evaluated collectively. Loans are grouped by type or by risk grade, or some combination of the two. Loss estimates are based on historical loss rates for each respective loan group. Formula reserves represent the Company’s best estimate of losses that may be inherent, or embedded, within the group of loans, even if it is not apparent at this time which loans within any group or pool represent those embedded losses. 3. Qualitative and external reserves. If individual reserves represent estimated losses tied to specific loans, and formula reserves represent estimated losses tied to a pool of loans but not yet to any specific loan, then these reserves represent an estimate of likely incurred losses, but are not yet tied to any loan or group of loans. All information related to the calculation of the three segments, including data analysis, assumptions, and calculations are documented. Assigning specific individual reserve amounts, formula reserve factors, or unallocated amounts based on unsupported assumptions or conclusions is not permitted. Three months ended June 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,055 $ 1,401 $ 3,217 $ 688 $ 585 $ 150 $ 422 $ 7,518 Provision for loan losses 66 107 49 (101) (102) 22 101 142 Loans charged-off (40) (1) (185) - (1) (9) - (236) Recoveries 5 4 32 185 11 6 - 243 Balance, end of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 16 - - - - - - 16 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 16 $ - $ - $ - $ 9 $ - $ - $ 25 Total Loans Balance, beginning of period $ 1,055 $ 1,401 $ 3,217 $ 688 $ 594 $ 150 $ 422 $ 7,527 Provision for loan losses 82 107 49 (101) (102) 22 101 158 Loans charged-off (40) (1) (185) - (1) (9) - (236) Recoveries 5 4 32 185 11 6 - 243 Balance, end of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 Ending Balance: individually evaluated for impairment $ 7 $ - $ 96 $ 12 $ - $ - $ - $ 115 Ending Balance: collectively evaluated for impairment $ 1,095 $ 1,511 $ 3,017 $ 760 $ 502 $ 169 $ 523 $ 7,577 Loans: Ending Balance: collectively evaluated for impairment $ 79,719 $ 112,768 $ 241,091 $ 93,463 $ 41,399 $ 8,554 $ 45,928 $ 622,922 Ending Balance: individually evaluated for impairment $ 435 $ 511 $ 6,831 $ 1,527 $ 656 $ - $ 367 $ 10,327 Ending Balance $ 80,154 $ 113,279 $ 247,922 $ 94,990 $ 42,055 $ 8,554 $ 46,295 $ 633,249 Six months ended June 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 564 $ 137 $ 393 $ 7,012 Provision for loan losses 198 116 219 (114) (96) 41 130 494 Loans charged-off (41) (2) (185) - (1) (18) - (247) Recoveries 7 11 74 281 26 9 - 408 Balance, end of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 16 - - - - - - 16 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 16 $ - $ - $ - $ 9 $ - $ 2 $ 25 Total Loans Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 573 $ 137 $ 393 $ 7,021 Provision for loan losses 214 116 219 (114) (96) 41 130 510 Loans charged-off (41) (2) (185) - (1) (18) - (247) Recoveries 7 11 74 281 26 9 - 408 Balance, end of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2015, respectively: Three months ended June 30, 2015 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 982 $ 1,209 $ 2,845 $ 606 $ 851 $ 167 $ 259 $ 6,919 Provision for loan losses 192 100 (283) (45) (96) (7) (68) (207) Loans charged-off (130) - - - - (11) (5) (146) Recoveries 33 4 11 41 9 4 106 208 Balance, end of period $ 1,077 $ 1,313 $ 2,573 $ 602 $ 764 $ 153 $ 292 $ 6,774 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ - $ - $ - $ - Provision for loan losses - - 57 - 9 - 2 68 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ - $ - $ 57 $ - $ 9 $ - $ 2 $ 68 Total Loans Balance, beginning of period $ 982 $ 1,209 $ 2,845 $ 606 $ 851 $ 167 $ 259 $ 6,919 Provision for loan losses 192 100 (226) (45) (87) (7) (66) (139) Loans charged-off (130) - - - - (11) (5) (146) Recoveries 33 4 11 41 9 4 106 208 Balance, end of period $ 1,077 $ 1,313 $ 2,630 $ 602 $ 773 $ 153 $ 294 $ 6,842 Ending Balance: individually evaluated for impairment $ 3 $ 78 $ 299 $ 66 $ 108 $ - $ - $ 554 Ending Balance: collectively evaluated for impairment $ 1,074 $ 1,235 $ 2,331 $ 536 $ 665 $ 153 $ 294 $ 6,288 Loans: Ending Balance: collectively evaluated for impairment $ 69,875 $ 94,977 $ 229,561 $ 82,990 $ 36,783 $ 6,042 $ 40,515 $ 560,743 Ending Balance: individually evaluated for impairment $ 529 $ 1,056 $ 6,910 $ 2,936

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) [Text Block]	NOTE H – ACCUMULATED OTHER COMPREHENSIVE INCOME Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Beginning balance $ 953 $ 1,131 $ 490 $ 809 Unrealized gain (loss) on investment securities available for sale 338 (680) 1,099 (72) Tax effect (113) 259 (397) 25 Other comprehensive gain (loss) before reclassification 225 (421) 702 (47) Amounts reclassified from accumulated comprehensive income: Realized gains on investment securities included in net income - (134) (22) (219) Tax effect - 45 8 78 Total reclassifications net of tax - (89) (14) (141) Net current period other comprehensive income (loss) 225 (510) 688 (188) Ending balance $ 1,178 $ 621 $ 1,178 $ 621 The income statement line items impacted by the reclassifications of realized gains (losses) on investment securities are the gain on the sale of securities and income tax expense line items in the consolidated statement of operations.

REPURCHASE AGREEMENTS

REPURCHASE AGREEMENTS	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Remaining Contractual Maturity Of The Securities Sold Under Agreements To Repurchase By Class Of Collateral Pledged [Text Block]	NOTE I - REPURCHASE AGREEMENTS We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and secure long-term funding needs. Repurchase agreements are transactions whereby we offer to sell to a counterparty an undivided interest in an eligible security at an agreed upon purchase price, and which obligates the Company to repurchase the security on an agreed upon date at an agreed upon repurchase price plus interest at an agreed upon rate. Securities sold under agreements to repurchase are recorded at the amount of cash received in connection with the transaction and are reflected as short-term borrowings. We monitor collateral levels on a continuous basis and maintain records of each transaction specifically describing the applicable security and the counterparty’s fractional interest in that security, and we segregate the security from its general assets in accordance with regulations governing custodial holdings of securities. The primary risk with our repurchase agreements is market risk associated with the investments securing the transactions, as we may be required to provide additional collateral based on fair value changes of the underlying investments. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The carrying value of available for sale investment securities pledged as collateral under repurchase agreements totaled $ 9.4 12.1 June 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 3,757 $ - $ - $ - $ 3,757 Mortgage-backed Securities-GSEs 5,623 - - - 5,623 Total borrowings $ 9,380 $ - $ - $ - $ 9,380 Gross amount of recognized liabilities for repurchase agreements $ 9,380 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,206 $ - $ - $ - $ 4,206 Mortgage-backed Securities-GSEs 7,943 - - - 7,943 Total borrowings $ 12,149 $ - $ - $ - $ 12,149 Gross amount of recognized liabilities for repurchase agreements $ 12,149

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Real Estate Owned [Text Block]	NOTE J – OTHER REAL ESTATE OWNED Six Months Six Months Ended June 30, Ended June 30, 2016 2015 (Dollars in thousands) Beginning balance January 1 $ 1,401 $ 1,585 Sales (1,215) (543) Writedowns (48) (55) Transfers 578 43 Ending balance $ 716 $ 1,030 At June 30, 2016 and December 31, 2015, the Company had $ 716,000 1.4 104,000

PER SHARE RESULTS (Tables)

PER SHARE RESULTS (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Basic net income per share is computed based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share includes the dilutive effect of stock options outstanding during the period. At June 30, 2016 and 2015 there were 123,800 111,080 Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Weighted average shares used for basic net income available to common shareholders 11,594,995 11,481,137 11,589,217 11,453,908 Effect of dilutive stock options 47,731 67,741 49,452 75,697 Weighted average shares used for diluted net income available to common shareholders 11,642,726 11,548,878 11,638,669 11,529,605

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 (in thousands): Investment securities Fair value Quoted Prices in Significant Significant U.S. government agencies – GSE's $ 17,694 $ - $ 17,694 $ - Mortgage-backed securities - GSE’s 35,408 - 35,408 - Municipal bonds 16,777 - 16,777 - Total $ 69,879 $ - $ 69,879 $ - Investment securities Fair value Quoted Prices in Significant Significant U.S. government agencies – GSE's $ 21,226 $ - $ 21,226 $ - Mortgage-backed securities - GSE’s 39,536 - 39,536 - Municipal bonds 19,947 - 19,947 - Total $ 80,709 $ - $ 80,709 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Asset Category Fair value Quoted Prices in Significant Significant Impaired loans $ 5,860 $ - $ - $ 5,860 Assets held for sale 1,246 - - 1,246 Foreclosed real estate 716 - - 716 Total $ 7,822 $ - $ - $ 7,822 Asset Category Fair value Quoted Prices in Significant Significant Impaired loans $ 6,635 $ - $ - $ 6,635 Assets held for sale 846 - - 846 Foreclosed real estate 1,401 - - 1,401 Total $ 8,882 $ - $ - $ 8,882
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	June 30, 2016 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 14,896 $ 14,896 $ 14,896 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 54,582 54,582 54,582 - - Investment securities available for sale 69,879 69,879 - 69,879 - Loans, net 624,495 633,534 - - 633,534 Accrued interest receivable 2,406 2,406 - - 2,406 Stock in FHLB 2,318 2,318 - - 2,318 Other non-marketable securities 757 757 - - 757 Financial liabilities: Deposits $ 661,274 $ 661,658 $ - $ 661,658 $ - Short-term debt 30,505 30,505 - 30,505 - Long-term debt 28,415 23,430 - 23,430 - Accrued interest payable 251 251 - 251 - December 31, 2015 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 12,567 $ 12,567 $ 12,567 $ - $ - Certificates of deposits 1,000 1,000 1,000 - - Interest-earning deposits in other banks 49,842 49,842 49,842 - - Investment securities available for sale 80,709 80,709 - 80,709 - Loans, net 610,377 615,754 - - 615,754 Accrued interest receivable 2,350 2,350 - - 2,350 Stock in the FHLB 2,112 2,112 - - 2,112 Other non-marketable securities 705 705 - - 705 Financial liabilities: Deposits $ 651,161 $ 651,255 $ - $ 651,255 $ - Short-term debt 29,673 29,673 - 29,673 - Long-term debt 28,703 23,718 - 23,718 - Accrued interest payable 232 232 - 232 -

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	The amortized cost and fair value of available for sale investments (“AFS”), with gross unrealized gains and losses, follow: June 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 17,509 $ 196 $ (11) $ 17,694 Mortgage-backed securities – GSE’s 34,321 1,087 - 35,408 Municipal bonds 16,169 608 - 16,777 $ 67,999 $ 1,891 $ (11) $ 69,879 As of June 30, 2016, accumulated other comprehensive income included net unrealized gains totaling $ 1.9 701,000 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 21,321 $ 101 $ (196) $ 21,226 Mortgage-backed securities – GSE’s 39,123 475 (62) 39,536 Municipal bonds 19,484 465 (2) 19,947 $ 79,928 $ 1,041 $ (260) $ 80,709
Investments Classified by Contractual Maturity Date [Table Text Block]	The scheduled maturities of securities available for sale, with gross unrealized gains and losses, were as follows: June 30, 2016 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 2,758 $ 32 $ - $ 2,790 After 1 year but within 5 years 44,238 1,257 (4) 45,491 After 5 years but within 10 years 12,173 215 (7) 12,381 After 10 years 8,830 387 - 9,217 $ 67,999 $ 1,891 $ (11) $ 69,879 December 31, 2015 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (In thousands) Securities available for sale: Within 1 year $ 1,361 $ 6 $ - $ 1,367 After 1 year but within 5 years 52,577 628 (99) 53,106 After 5 years but within 10 years 17,297 146 (161) 17,282 After 10 years 8,693 261 - 8,954 $ 79,928 $ 1,041 $ (260) $ 80,709
Schedule of Unrealized Loss on Investments [Table Text Block]	The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015. June 30, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies- GSE’s $ 1,779 $ (3) $ 1,776 $ (8) $ 3,555 $ (11) Total temporarily impaired securities $ 1,779 $ (3) $ 1,776 $ (8) $ 3,555 $ (11) December 31, 2015 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 7,039 $ (70) $ 7,615 $ (126) $ 14,654 $ (196) Mortgage-backed securities- GSE’s 7,916 (62) - - 7,916 (62) Municipal bonds 111 (2) - - 111 (2) Total temporarily impaired securities $ 15,066 $ (134) $ 7,615 $ (126) $ 22,681 $ (260)

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Following is a summary of the composition of the Company’s loan portfolio at June 30, 2016 and December 31, 2015: June 30, December 31, Total Loans: 2016 2015 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 94,990 15.03 % $ 87,955 14.25 % Commercial real estate 247,922 39.22 % 259,259 41.99 % Multi-family residential 46,295 7.32 % 40,738 6.60 % Construction 113,279 17.92 % 107,688 17.44 % Home equity lines of credit (“HELOC”) 42,055 6.65 % 42,002 6.80 % Total real estate loans 544,541 86.14 % 537,642 87.08 % Other loans: Commercial and industrial 80,154 12.68 % 73,491 11.90 % Loans to individuals 8,452 1.34 % 7,207 1.17 % Overdrafts 102 0.01 % 48 0.01 % Total other loans 88,708 14.03 % 80,746 13.08 % Gross loans 633,249 618,388 Less deferred loan origination fees, net (1,062) (0.17) % (990) (0.16) % Total loans 632,187 100.00 % 617,398 100.00 % Allowance for loan losses (7,692) (7,021) Total loans, net $ 624,495 $ 610,377
Past Due Financing Receivables [Table Text Block]	The following tables present an age analysis of past due loans, segregated by class of loans as of June 30, 2016 and December 31, 2015, respectively: Total Loans: June 30, 2016 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 150 $ 84 $ 234 $ 79,920 $ 80,154 Construction 143 423 566 112,713 113,279 Multi-family residential - 367 367 45,928 46,295 Commercial real estate 84 3,690 3,774 244,148 247,922 Loans to individuals & overdrafts 21 155 176 8,378 8,554 1-to-4 family residential 1,024 781 1,805 93,185 94,990 HELOC - 360 360 41,695 42,055 Deferred loan (fees) cost, net - - - - (1,062) $ 1,422 $ 5,860 $ 7,282 $ 625,967 $ 632,187 There were three loans that amounted to $ 571,000 December 31, 2015 30+ Non- Total Days Accrual Past Total Past Due Loans Due Current Loans (dollars in thousands) Total Loans Commercial and industrial $ 455 $ 13 $ 468 $ 73,023 $ 73,491 Construction - 523 523 107,165 107,688 Multi-family residential 44 431 475 40,263 40,738 Commercial real estate 1,214 3,711 4,925 254,334 259,259 Loans to individuals & overdrafts 14 4 18 7,237 7,255 1-to-4 family residential 650 1,594 2,244 85,711 87,955 HELOC 124 359 483 41,519 42,002 Deferred loan (fees) cost, net - - - - (990) $ 2,501 $ 6,635 $ 9,136 $ 609,252 $ 617,398
Impaired Financing Receivables [Table Text Block]	The following tables present information on loans that were considered to be impaired as of June 30, 2016 and December 31, 2015: Three months ended Six months ended As of June 30, 2016 June 30, 2016 June 30, 2016 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 370 $ 371 $ - $ 469 $ 2 $ 237 $ 8 Construction 511 637 - 558 2 563 6 Commercial real estate 3,749 5,346 - 3,304 29 4,378 72 Loans to individuals & overdrafts - - - - - - - Multi-family residential 367 375 - 368 3 397 8 1-to-4 family residential 1,250 1,546 - 1,257 36 1,656 52 HELOC 623 787 - 658 10 661 18 Subtotal: 6,870 9,062 - 6,614 82 7,892 164 With an allowance recorded: Commercial and industrial 65 65 7 35 - 39 1 Construction - - - - - - - Commercial real estate 3,082 3,692 96 3,389 4 2,165 18 Loans to individuals & overdrafts - - - - - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 277 277 12 314 2 284 8 HELOC 33 35 - 41 - 16 - Subtotal: 3,457 4,069 115 3,779 6 2,506 27 Totals: Commercial 8,144 10,486 103 8,123 40 7,779 113 Consumer - - - - - 2 - Residential 2,183 2,645 12 2,270 48 2,617 78 Grand Total: $ 10,327 $ 13,131 $ 115 $ 10,393 $ 88 $ 10,398 $ 191 Impaired loans at June 30, 2016 were approximately $ 10.3 5.9 4.4 3.5 6.9 1.4 Three months ended Six months ended As of December 31, 2015 June 30, 2015 June 30, 2015 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 105 $ 106 $ - $ 640 $ 6 $ 606 $ 38 Construction 615 764 - 973 10 1,095 23 Commercial real estate 5,006 7,229 - 2,556 49 2,468 93 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - 1,769 21 1,785 43 1 to 4 family residential 2,061 2,666 - 2,485 28 2,368 59 HELOC 699 868 - 641 9 641 20 Subtotal: 8,486 11,633 - 9,064 123 8,963 276 With an allowance recorded: Commercial and industrial 13 13 2 11 - 138 - Construction - - - 166 1 166 2 Commercial real estate 1,248 1,314 73 4,436 19 4,643 80 Loans to individuals & overdrafts 4 4 4 - - - - Multi-family residential - - - - - - - 1 to 4 family residential 290 290 15 495 6 476 10 HELOC - - - 288 - 289 - Subtotal: 1,555 1,621 94 5,396 26 5,712 92 Totals: Commercial 6,987 9,426 75 10,551 106 10,901 279 Consumer 4 4 4 - - - - Residential 3,050 3,824 15 3,909 43 3,774 89 Grand Total: $ 10,041 $ 13,254 $ 94 $ 14,460 $ 149 $ 14,675 $ 368
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following table presents loans that were modified as troubled debt restructurings (“TDRs”) with a breakdown of the types of concessions made by loan class during the three and six months ended June 30, 2016 and 2015: Three months ended June 30, 2016 Six months ended June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Extended payment terms: 1-to-4 family residential 1 $ 49 $ 49 1 $ 49 $ 49 C & I 2 251 160 3 296 206 Consumer 1 4 4 1 4 4 Total 4 $ 304 $ 213 5 $ 349 $ 259 Three months ended June 30, 2015 Six months ended June 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (Dollars in thousands) Below market interest rate: 1-to-4 family residential - $ - $ - 1 $ 22 $ 22 Total - $ - $ - 1 $ 22 $ 22 The following table presents loans that were modified as TDRs within the past twelve months with a breakdown of the types for which there was a payment default together with concessions made by loan class during the twelve month period ended June 30, 2016 and 2015: Twelve months ended Twelve months ended June 30, 2016 June 30, 2015 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial real estate 3 $ 206 1 $ 140 Consumer 1 4 - - Multi-family residential 1 370 - - 1-to-4 family residential 1 49 - - Total 6 $ 629 1 $ 140
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30, 2016 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (In thousands) Superior $ 598 $ - $ - $ - Very good 384 355 480 - Good 10,848 5,209 25,611 2,399 Acceptable 28,765 18,228 139,926 29,721 Acceptable with care 38,280 88,731 70,340 13,500 Special mention 696 184 5,495 48 Substandard 583 572 6,070 627 Doubtful - - - - Loss - - - - $ 80,154 $ 113,279 $ 247,922 $ 46,295 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 88,804 $ 41,146 Special mention 2,981 136 Substandard 3,205 773 $ 94,990 $ 42,055 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 8,540 Non –pass 14 $ 8,554 Total Loans: December 31, 2015 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 730 $ - $ - $ - Very good 1,314 355 114 - Good 8,241 5,827 26,538 - Acceptable 25,014 19,059 144,717 32,355 Acceptable with care 37,980 79,817 74,169 7,685 Special mention 58 2,015 7,657 - Substandard 154 615 6,064 698 Doubtful - - - - Loss - - - - $ 73,491 $ 107,688 $ 259,259 $ 40,738 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 80,596 $ 40,770 Special mention 3,678 448 Substandard 3,681 784 $ 87,955 $ 42,002 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,236 Non-pass 19 $ 7,255
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Table Text Block]	The following table documents changes to the amount of the accretable yield on PCI loans for the three and six months ended June 30, 2016 (dollars in thousands): Three Months Six Months Ended June 30, Ended June 30, 2016 2016 (Dollars in thousands) Accretable yield, beginning of period $ 2,657 $ 2,822 Accretion (264) (534) Reclassification from (to) nonaccretable difference (6) 2 Other changes, net 181 278 Accretable yield, end of period $ 2,568 $ 2,568
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2016, respectively: Three months ended June 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,055 $ 1,401 $ 3,217 $ 688 $ 585 $ 150 $ 422 $ 7,518 Provision for loan losses 66 107 49 (101) (102) 22 101 142 Loans charged-off (40) (1) (185) - (1) (9) - (236) Recoveries 5 4 32 185 11 6 - 243 Balance, end of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 16 - - - - - - 16 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 16 $ - $ - $ - $ 9 $ - $ - $ 25 Total Loans Balance, beginning of period $ 1,055 $ 1,401 $ 3,217 $ 688 $ 594 $ 150 $ 422 $ 7,527 Provision for loan losses 82 107 49 (101) (102) 22 101 158 Loans charged-off (40) (1) (185) - (1) (9) - (236) Recoveries 5 4 32 185 11 6 - 243 Balance, end of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 Ending Balance: individually evaluated for impairment $ 7 $ - $ 96 $ 12 $ - $ - $ - $ 115 Ending Balance: collectively evaluated for impairment $ 1,095 $ 1,511 $ 3,017 $ 760 $ 502 $ 169 $ 523 $ 7,577 Loans: Ending Balance: collectively evaluated for impairment $ 79,719 $ 112,768 $ 241,091 $ 93,463 $ 41,399 $ 8,554 $ 45,928 $ 622,922 Ending Balance: individually evaluated for impairment $ 435 $ 511 $ 6,831 $ 1,527 $ 656 $ - $ 367 $ 10,327 Ending Balance $ 80,154 $ 113,279 $ 247,922 $ 94,990 $ 42,055 $ 8,554 $ 46,295 $ 633,249 Six months ended June 30, 2016 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 564 $ 137 $ 393 $ 7,012 Provision for loan losses 198 116 219 (114) (96) 41 130 494 Loans charged-off (41) (2) (185) - (1) (18) - (247) Recoveries 7 11 74 281 26 9 - 408 Balance, end of period $ 1,086 $ 1,511 $ 3,113 $ 772 $ 493 $ 169 $ 523 $ 7,667 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ 9 $ - $ - $ 9 Provision for loan losses 16 - - - - - - 16 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 16 $ - $ - $ - $ 9 $ - $ 2 $ 25 Total Loans Balance, beginning of period $ 922 $ 1,386 $ 3,005 $ 605 $ 573 $ 137 $ 393 $ 7,021 Provision for loan losses 214 116 219 (114) (96) 41 130 510 Loans charged-off (41) (2) (185) - (1) (18) - (247) Recoveries 7 11 74 281 26 9 - 408 Balance, end of period $ 1,102 $ 1,511 $ 3,113 $ 772 $ 502 $ 169 $ 523 $ 7,692 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2015, respectively: Three months ended June 30, 2015 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 982 $ 1,209 $ 2,845 $ 606 $ 851 $ 167 $ 259 $ 6,919 Provision for loan losses 192 100 (283) (45) (96) (7) (68) (207) Loans charged-off (130) - - - - (11) (5) (146) Recoveries 33 4 11 41 9 4 106 208 Balance, end of period $ 1,077 $ 1,313 $ 2,573 $ 602 $ 764 $ 153 $ 292 $ 6,774 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ - $ - $ - $ - Provision for loan losses - - 57 - 9 - 2 68 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ - $ - $ 57 $ - $ 9 $ - $ 2 $ 68 Total Loans Balance, beginning of period $ 982 $ 1,209 $ 2,845 $ 606 $ 851 $ 167 $ 259 $ 6,919 Provision for loan losses 192 100 (226) (45) (87) (7) (66) (139) Loans charged-off (130) - - - - (11) (5) (146) Recoveries 33 4 11 41 9 4 106 208 Balance, end of period $ 1,077 $ 1,313 $ 2,630 $ 602 $ 773 $ 153 $ 294 $ 6,842 Ending Balance: individually evaluated for impairment $ 3 $ 78 $ 299 $ 66 $ 108 $ - $ - $ 554 Ending Balance: collectively evaluated for impairment $ 1,074 $ 1,235 $ 2,331 $ 536 $ 665 $ 153 $ 294 $ 6,288 Loans: Ending Balance: collectively evaluated for impairment $ 69,875 $ 94,977 $ 229,561 $ 82,990 $ 36,783 $ 6,042 $ 40,515 $ 560,743 Ending Balance: individually evaluated for impairment $ 529 $ 1,056 $ 6,910 $ 2,936 $ 939 $ - $ 1,337 $ 13,707 Ending Balance $ 70,404 $ 96,033 $ 236,471 $ 85,926 $ 37,722 $ 6,042 $ 41,852 $ 574,450 Six months ended June 30, 2015 Commercial 1 to 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total (Dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 803 $ 1,103 $ 2,914 $ 630 $ 930 $ 185 $ 279 $ 6,844 Provision for loan losses 365 202 (323) (85) (137) (11) (88) (77) Loans charged-off (130) - (29) - (40) (35) (5) (239) Recoveries 39 8 11 57 11 14 106 246 Balance, end of period $ 1,077 $ 1,313 $ 2,573 $ 602 $ 764 $ 153 $ 292 $ 6,774 PCI Loans Balance, beginning of period $ - $ - $ - $ - $ - $ - $ - $ - Provision for loan losses - - 57 - 9 - 2 68 Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ - $ - $ 57 $ - $ 9 $ - $ 2 $ 68 Total Loans Balance, beginning of period $ 803 $ 1,103 $ 2,914 $ 630 $ 930 $ 185 $ 279 $ 6,844 Provision for loan losses 365 202 (266) (85) (128) (11) (86) (9) Loans charged-off (130) - (29) - (40) (35) (5) (239) Recoveries 39 8 11 57 11 14 106 246 Balance, end of period $ 1,077 $ 1,313 $ 2,630 $ 602 $ 773 $ 153 $ 294 $ 6,842

ACCUMULATED OTHER COMPREHENSI21

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents changes in accumulated other comprehensive income for the three and six months ended June 30, 2016 and 2015. Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Beginning balance $ 953 $ 1,131 $ 490 $ 809 Unrealized gain (loss) on investment securities available for sale 338 (680) 1,099 (72) Tax effect (113) 259 (397) 25 Other comprehensive gain (loss) before reclassification 225 (421) 702 (47) Amounts reclassified from accumulated comprehensive income: Realized gains on investment securities included in net income - (134) (22) (219) Tax effect - 45 8 78 Total reclassifications net of tax - (89) (14) (141) Net current period other comprehensive income (loss) 225 (510) 688 (188) Ending balance $ 1,178 $ 621 $ 1,178 $ 621

REPURCHASE AGREEMENTS (Tables)

REPURCHASE AGREEMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Remaining Contractual Maturity Of The Securities Sold Under Agreements To Repurchase By Class Of Collateral Pledged [Table Text Block]	The remaining contractual maturity of the securities sold under agreements to repurchase by class of collateral pledged included in short-term borrowings as of June 30, 2016 and December 31, 2015 is presented in the following tables. June 30, 2016 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 3,757 $ - $ - $ - $ 3,757 Mortgage-backed Securities-GSEs 5,623 - - - 5,623 Total borrowings $ 9,380 $ - $ - $ - $ 9,380 Gross amount of recognized liabilities for repurchase agreements $ 9,380 December 31, 2015 Remaining Contractual Maturity of the Agreements Overnight and Up to 30 30-90 Greater than (Dollars in thousands) continuous Days Days 90 Days Total Repurchase agreements U.S. government agencies-GSE’s $ 4,206 $ - $ - $ - $ 4,206 Mortgage-backed Securities-GSEs 7,943 - - - 7,943 Total borrowings $ 12,149 $ - $ - $ - $ 12,149 Gross amount of recognized liabilities for repurchase agreements $ 12,149

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule Of Real Estate Owned Properties [Table Text Block]	The following table explains changes in other real estate owned during the six months ended June 30, 2016 and 2015 (dollars in thousands): Six Months Six Months Ended June 30, Ended June 30, 2016 2015 (Dollars in thousands) Beginning balance January 1 $ 1,401 $ 1,585 Sales (1,215) (543) Writedowns (48) (55) Transfers 578 43 Ending balance $ 716 $ 1,030

PER SHARE RESULTS (Details)

PER SHARE RESULTS (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Weighted Average Number Of Shares [Line Items]
Weighted average shares used for basic net income available to common shareholders	11,594,995	11,481,137	11,589,217	11,453,908
Effect of dilutive stock options	47,731	67,741	49,452	75,697
Weighted average shares used for diluted net income available to common shareholders	11,642,726	11,548,878	11,638,669	11,529,605

PER SHARE RESULTS (Details Text

PER SHARE RESULTS (Details Textual) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	123,800	111,080

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure, Recurring	$ 69,879	$ 80,709
US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	17,694	21,226
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	35,408	39,536
Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	16,777	19,947
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Recurring	69,879	80,709
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	17,694	21,226
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	35,408	39,536
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	16,777	19,947
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure, Recurring	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta27

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure, Nonrecurring	$ 7,822	$ 8,882
Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	5,860	6,635
Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,246	846
Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	716	1,401
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Nonrecurring	7,822	8,882
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	5,860	6,635
Fair Value, Inputs, Level 3 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,246	846
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 716	$ 1,401

FAIR VALUE MEASUREMENTS (Deta28

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial assets:
Cash and due from banks	$ 14,896	$ 12,567	[1]
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	54,582	49,842
Investment securities available for sale	69,879	80,709
Loans, net	624,495	610,377
Accrued interest receivable	2,406	2,350	[1]
Stock in FHLB	2,318	2,112	[1]
Other non-marketable securities	757	705
Financial liabilities:
Deposits	661,274	651,161	[1]
Short-term debt	30,505	29,673	[1]
Long-term debt	28,415	28,703	[1]
Accrued interest payable	251	232	[1]
Estimate of Fair Value Measurement [Member]
Financial assets:
Cash and due from banks	14,896	12,567
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	54,582	49,842
Investment securities available for sale	69,879	80,709
Loans, net	633,534	615,754
Accrued interest receivable	2,406	2,350
Stock in FHLB	2,318	2,112
Other non-marketable securities	757	705
Financial liabilities:
Deposits	661,658	651,255
Short-term debt	30,505	29,673
Long-term debt	23,430	23,718
Accrued interest payable	251	232
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	14,896	12,567
Certificates of deposit	1,000	1,000
Interest-earning deposits in other banks	54,582	49,842
Investment securities available for sale	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks	0	0
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Investment securities available for sale	69,879	80,709
Loans, net	0	0
Accrued interest receivable	0	0
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	661,658	651,255
Short-term debt	30,505	29,673
Long-term debt	23,430	23,718
Accrued interest payable	251	232
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks	0	0
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Investment securities available for sale	0	0
Loans, net	633,534	615,754
Accrued interest receivable	2,406	2,350
Stock in FHLB	2,318	2,112
Other non-marketable securities	757	705
Financial liabilities:
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable	$ 0	$ 0
[1]	* Derived from audited consolidated financial statements.

FAIR VALUE MEASUREMENTS (Deta29

FAIR VALUE MEASUREMENTS (Details Textual)	6 Months Ended
	Jun. 30, 2016
Minimum [Member]
Percentage Of Discount From Impaired Loans	4.00%
Percentage Of Discount From Assets Held for Sale	1.00%
Maximum [Member]
Percentage Of Discount From Impaired Loans	50.00%
Percentage Of Discount From Assets Held for Sale	25.00%
Fair Value [Member] | Minimum [Member]
Percentage Of Discount From Foreclosed Real Estate	6.00%
Fair Value [Member] | Maximum [Member]
Percentage Of Discount From Foreclosed Real Estate	10.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Securities available for sale:
Amortized cost	$ 67,999	$ 79,928
Gross unrealized gains	1,891	1,041
Gross unrealized losses	(11)	(260)
Fair value	69,879	80,709	[1]
U.S. government agencies - GSE’s [Member]
Securities available for sale:
Amortized cost	17,509	21,321
Gross unrealized gains	196	101
Gross unrealized losses	(11)	(196)
Fair value	17,694	21,226
Mortgage-backed securities - GSE’s [Member]
Securities available for sale:
Amortized cost	34,321	39,123
Gross unrealized gains	1,087	475
Gross unrealized losses	0	(62)
Fair value	35,408	39,536
Municipal bonds [Member]
Securities available for sale:
Amortized cost	16,169	19,484
Gross unrealized gains	608	465
Gross unrealized losses	0	(2)
Fair value	$ 16,777	$ 19,947
[1]	* Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost, Within 1 year	$ 2,758	$ 1,361
Gross unrealized gains, Within 1 year	32	6
Gross unrealized losses, Within 1 year	0	0
Fair value, Within 1 year	2,790	1,367
Amortized cost, After 1 year but within 5 years	44,238	52,577
Gross unrealized gains, After 1 year but within 5 years	1,257	628
Gross unrealized losses, After 1 year but within 5 years	(4)	(99)
Fair value, After 1 year but within 5 years	45,491	53,106
Amortized cost, After 5 years but within 10 years	12,173	17,297
Gross unrealized gains, After 5 years but within 10 years	215	146
Gross unrealized losses, After 5 years but within 10 years	(7)	(161)
Fair value, After 5 years but within 10 years	12,381	17,282
Amortized cost, After 10 years	8,830	8,693
Gross unrealized gains, After 10 years	387	261
Gross unrealized losses, After 10 years	0	0
Fair value, After 10 years	9,217	8,954
Available-for-sale Securities, Amortized cost	67,999	79,928
Available-for-sale Securities, Gross unrealized gains	1,891	1,041
Available-for-sale Securities, Gross unrealized losses	(11)	(260)
Available-for-sale Securities, Fair value	$ 69,879	$ 80,709	[1]
[1]	* Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Detail32

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
U.S. government agencies - GSE’s [Member]
Securities available for sale:
Less Than 12 Months Fair value	$ 1,779	$ 7,039
Less Than 12 Months Unrealized losses	(3)	(70)
12 Months or More Fair value	1,776	7,615
12 Months or More Unrealized losses	(8)	(126)
Total Fair value	3,555	14,654
Total Unrealized losses	(11)	(196)
Mortgage-backed securities - GSE’s [Member]
Securities available for sale:
Less Than 12 Months Fair value		7,916
Less Than 12 Months Unrealized losses		(62)
12 Months or More Fair value		0
12 Months or More Unrealized losses		0
Total Fair value		7,916
Total Unrealized losses		(62)
Municipal bonds [Member]
Securities available for sale:
Less Than 12 Months Fair value		111
Less Than 12 Months Unrealized losses		(2)
12 Months or More Fair value		0
12 Months or More Unrealized losses		0
Total Fair value		111
Total Unrealized losses		(2)
Total temporarily impaired securities [Member]
Securities available for sale:
Less Than 12 Months Fair value	1,779	15,066
Less Than 12 Months Unrealized losses	(3)	(134)
12 Months or More Fair value	1,776	7,615
12 Months or More Unrealized losses	(8)	(126)
Total Fair value	3,555	22,681
Total Unrealized losses	$ (11)	$ (260)

INVESTMENT SECURITIES (Detail33

INVESTMENT SECURITIES (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Gain (Loss)			$ 1,900,000		$ 781,000
Deferred Income Taxes and Other Liabilities, Noncurrent	$ 701,000		701,000		291,000
US Government Securities, at Carrying Value	42,400,000		42,400,000		45,200,000
Gain (Loss) on Sale of Securities, Net	0	$ 134,000	22,000	$ 219,000
Proceeds from Sale of Available-for-sale Securities, Total			624,000	$ 5,640,000
Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	8,000		8,000		126,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	3,000		3,000		134,000
Us Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	8,000		8,000		126,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 3,000		$ 3,000		$ 70,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 633,249	$ 618,388
Less deferred loan origination fees, net	(1,062)	(990)
Total loans	632,187	617,398	[1]	$ 574,450
Allowance for loan losses	(7,692)	(7,021)	[1]
Total loans, net	$ 624,495	$ 610,377	[1]
Less Percentage of deferred loan origination fees, net	(0.17%)	(0.16%)
Percent of total	100.00%	100.00%
1- to- 4 family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 94,990	$ 87,955		85,926
Percent of total	15.03%	14.25%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 247,922	$ 259,259		236,471
Percent of total	39.22%	41.99%
Multi-family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 46,295	$ 40,738		41,852
Percent of total	7.32%	6.60%
Construction Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 113,279	$ 107,688		96,033
Percent of total	17.92%	17.44%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 42,055	$ 42,002		37,722
Percent of total	6.65%	6.80%
Total real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 544,541	$ 537,642
Percent of total	86.14%	87.08%
Commercial and industrial Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 80,154	$ 73,491		$ 70,404
Percent of total	12.68%	11.90%
Loans to individuals Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 8,452	$ 7,207
Percent of total	1.34%	1.17%
Overdrafts Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 102	$ 48
Percent of total	0.01%	0.01%
Total other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 88,708	$ 80,746
Percent of total	14.03%	13.08%
[1]	* Derived from audited consolidated financial statements.

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net	$ (1,062)	$ (990)
Total Loans	632,187	617,398	[1]	$ 574,450
Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,282	9,136
Non-Accrual Loans	5,860	6,635
Current	625,967	609,252
Deferred loan (fees) cost, net	(1,062)	(990)
Total Loans	632,187	617,398
Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,422	2,501
Deferred loan (fees) cost, net	0	0
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	80,154	73,491		70,404
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	234	468
Non-Accrual Loans	84	13
Current	79,920	73,023
Total Loans	80,154	73,491
Commercial and Industrial [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	150	455
Construction Loans Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	113,279	107,688		96,033
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	566	523
Non-Accrual Loans	423	523
Current	112,713	107,165
Total Loans	113,279	107,688
Construction Loans Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	143	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	46,295	40,738		41,852
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	367	475
Non-Accrual Loans	367	431
Current	45,928	40,263
Total Loans	46,295	40,738
Multi Family Residential Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	44
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	247,922	259,259		236,471
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,774	4,925
Non-Accrual Loans	3,690	3,711
Current	244,148	254,334
Total Loans	247,922	259,259
Commercial Real Estate [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	84	1,214
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	8,554			6,042
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	176	18
Non-Accrual Loans	155	4
Current	8,378	7,237
Total Loans	8,554	7,255
Loans to Individuals and Overdrafts [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21	14
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	94,990	87,955		85,926
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,805	2,244
Non-Accrual Loans	781	1,594
Current	93,185	85,711
Total Loans	94,990	87,955
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,024	650
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	42,055	42,002		$ 37,722
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	360	483
Non-Accrual Loans	360	359
Current	41,695	41,519
Total Loans	42,055	42,002
Home Equity Line of Credit [Member] | Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 124
[1]	* Derived from audited consolidated financial statements.

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	$ 6,870		$ 6,870		$ 8,486
With no related allowance, Contractual Unpaid Principal Balance	9,062		9,062		11,633
With no related allowance, Average Recorded Investment	6,614	$ 9,064	7,892	$ 8,963
With no related allowance, Interest Income Recognized on Impaired Loans	82	123	164	276
With an related allowance, Recorded Investment	3,457		3,457		1,555
With an related allowance, Contractual Unpaid Principal Balance	4,069		4,069		1,621
Related Allowance	115		115		94
With an related allowance, Average Recorded Investment	3,779	5,396	2,506	5,712
With an related allowance, Interest Income Recognized on Impaired Loans	6	26	27	92
Recorded Investment Total	10,327		10,327		10,041
Contractual Unpaid Principal Balance Total	13,131		13,131		13,254
Average Recorded Investment Total	10,393	14,460	10,398	14,675
Interest Income Recognized on impaired Loans Total	88	149	191	368
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	12		12		15
Recorded Investment Total	2,183		2,183		3,050
Contractual Unpaid Principal Balance Total	2,645		2,645		3,824
Average Recorded Investment Total	2,270	3,909	2,617	3,774
Interest Income Recognized on impaired Loans Total	48	43	78	89
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	103		103		75
Recorded Investment Total	8,144		8,144		6,987
Contractual Unpaid Principal Balance Total	10,486		10,486		9,426
Average Recorded Investment Total	8,123	10,551	7,779	10,901
Interest Income Recognized on impaired Loans Total	40	106	113	279
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	0		0		4
Recorded Investment Total	0		0		4
Contractual Unpaid Principal Balance Total	0		0		4
Average Recorded Investment Total	0	0	2	0
Interest Income Recognized on impaired Loans Total	0	0	0	0
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	370		370		105
With no related allowance, Contractual Unpaid Principal Balance	371		371		106
With no related allowance, Average Recorded Investment	469	640	237	606
With no related allowance, Interest Income Recognized on Impaired Loans	2	6	8	38
With an related allowance, Recorded Investment	65		65		13
With an related allowance, Contractual Unpaid Principal Balance	65		65		13
Related Allowance	7		7		2
With an related allowance, Average Recorded Investment	35	11	39	138
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	1	0
Construction Loans Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	511		511		615
With no related allowance, Contractual Unpaid Principal Balance	637		637		764
With no related allowance, Average Recorded Investment	558	973	563	1,095
With no related allowance, Interest Income Recognized on Impaired Loans	2	10	6	23
With an related allowance, Recorded Investment	0		0		0
With an related allowance, Contractual Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	0	166	0	166
With an related allowance, Interest Income Recognized on Impaired Loans	0	1	0	2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	3,749		3,749		5,006
With no related allowance, Contractual Unpaid Principal Balance	5,346		5,346		7,229
With no related allowance, Average Recorded Investment	3,304	2,556	4,378	2,468
With no related allowance, Interest Income Recognized on Impaired Loans	29	49	72	93
With an related allowance, Recorded Investment	3,082		3,082		1,248
With an related allowance, Contractual Unpaid Principal Balance	3,692		3,692		1,314
Related Allowance	96		96		73
With an related allowance, Average Recorded Investment	3,389	4,436	2,165	4,643
With an related allowance, Interest Income Recognized on Impaired Loans	4	19	18	80
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	0		0		0
With no related allowance, Contractual Unpaid Principal Balance	0		0		0
With no related allowance, Average Recorded Investment	0	0	0	0
With no related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
With an related allowance, Recorded Investment	0		0		4
With an related allowance, Contractual Unpaid Principal Balance	0		0		4
Related Allowance	0		0		4
With an related allowance, Average Recorded Investment	0	0	2	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	367		367		0
With no related allowance, Contractual Unpaid Principal Balance	375		375		0
With no related allowance, Average Recorded Investment	368	1,769	397	1,785
With no related allowance, Interest Income Recognized on Impaired Loans	3	21	8	43
With an related allowance, Recorded Investment	0		0		0
With an related allowance, Contractual Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	0	0	0	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	623		623		699
With no related allowance, Contractual Unpaid Principal Balance	787		787		868
With no related allowance, Average Recorded Investment	658	641	661	641
With no related allowance, Interest Income Recognized on Impaired Loans	10	9	18	20
With an related allowance, Recorded Investment	33		33		0
With an related allowance, Contractual Unpaid Principal Balance	35		35		0
Related Allowance	0		0		0
With an related allowance, Average Recorded Investment	41	288	16	289
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	1,250		1,250		2,061
With no related allowance, Contractual Unpaid Principal Balance	1,546		1,546		2,666
With no related allowance, Average Recorded Investment	1,257	2,485	1,656	2,368
With no related allowance, Interest Income Recognized on Impaired Loans	36	28	52	59
With an related allowance, Recorded Investment	277		277		290
With an related allowance, Contractual Unpaid Principal Balance	277		277		290
Related Allowance	12		12		$ 15
With an related allowance, Average Recorded Investment	314	495	284	476
With an related allowance, Interest Income Recognized on Impaired Loans	$ 2	$ 6	$ 8	$ 10

LOANS (Details 3)

LOANS (Details 3) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)Number	Jun. 30, 2015USD ($)Number	Jun. 30, 2016USD ($)Number	Jun. 30, 2015USD ($)Number	Jun. 30, 2016USD ($)Number	Jun. 30, 2015USD ($)Number
Residential 1 to 4 Family Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number		0		1
Pre-Modification Outstanding Recorded Investment		$ 0		$ 22
Post-Modification Outstanding Recorded Investment		$ 0		$ 22
Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number		0		1
Pre-Modification Outstanding Recorded Investment		$ 0		$ 22
Post-Modification Outstanding Recorded Investment		0		22
Commercial and Inustrial Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	2		3
Pre-Modification Outstanding Recorded Investment	$ 251		$ 296
Post-Modification Outstanding Recorded Investment	160		206
Commercial Real Estate Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number					3	1
Financing Receivable, Modifications, Recorded Investment	$ 206	140	$ 206	140	$ 206	$ 140
Residential 1 to 4 Family Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	1		1		1	0
Pre-Modification Outstanding Recorded Investment	$ 49		$ 49
Post-Modification Outstanding Recorded Investment	49		49
Financing Receivable, Modifications, Recorded Investment	49	0	49	0	$ 49	$ 0
Multi Family Residential Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number					1	0
Financing Receivable, Modifications, Recorded Investment	$ 370	0	$ 370	0	$ 370	$ 0
Extended Payment Term [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	4		5		6	1
Pre-Modification Outstanding Recorded Investment	$ 304		$ 349
Post-Modification Outstanding Recorded Investment	213		259
Financing Receivable, Modifications, Recorded Investment	$ 629	140	$ 629	140	$ 629	$ 140
Consumer Extended payment terms [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Number	1		1		1	0
Pre-Modification Outstanding Recorded Investment	$ 4		$ 4
Post-Modification Outstanding Recorded Investment	4		4
Financing Receivable, Modifications, Recorded Investment	$ 4	$ 0	$ 4	$ 0	$ 4	$ 0

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 632,187	$ 617,398	[1]	$ 574,450
Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	632,187	617,398
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	80,154	73,491		70,404
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	80,154	73,491
Commercial and Industrial [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	598	730
Commercial and Industrial [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	384	1,314
Commercial and Industrial [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,848	8,241
Commercial and Industrial [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	28,765	25,014
Commercial and Industrial [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	38,280	37,980
Commercial and Industrial [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	696	58
Commercial and Industrial [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	583	154
Commercial and Industrial [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial and Industrial [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	113,279	107,688
Construction Loans [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	355	355
Construction Loans [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,209	5,827
Construction Loans [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	18,228	19,059
Construction Loans [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	88,731	79,817
Construction Loans [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	184	2,015
Construction Loans [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	572	615
Construction Loans [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction Loans [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	247,922	259,259		236,471
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	247,922	259,259
Commercial Real Estate [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	480	114
Commercial Real Estate [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	25,611	26,538
Commercial Real Estate [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	139,926	144,717
Commercial Real Estate [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	70,340	74,169
Commercial Real Estate [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,495	7,657
Commercial Real Estate [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,070	6,064
Commercial Real Estate [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,295	40,738		41,852
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,295	40,738
Multi Family Residential Real Estate [Member] | Superior [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Very Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Good [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,399	0
Multi Family Residential Real Estate [Member] | Acceptable [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	29,721	32,355
Multi Family Residential Real Estate [Member] | Acceptable With Care [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,500	7,685
Multi Family Residential Real Estate [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	48	0
Multi Family Residential Real Estate [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	627	698
Multi Family Residential Real Estate [Member] | Doubtful [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Loss [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,554			6,042
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,554	7,255
Loans to Individuals and Overdrafts [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,540	7,236
Loans to Individuals and Overdrafts [Member] | Non-Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14	19
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	94,990	87,955		85,926
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	94,990	87,955
Family Residential Real Estate 1 to 4 [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	88,804	80,596
Family Residential Real Estate 1 to 4 [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,981	3,678
Family Residential Real Estate 1 to 4 [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,205	3,681
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	42,055	42,002		$ 37,722
Home Equity Line Of Credit [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	42,055	42,002
Home Equity Line Of Credit [Member] | Pass [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	41,146	40,770
Home Equity Line Of Credit [Member] | Special Mention [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	136	448
Home Equity Line Of Credit [Member] | Substandard [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 773	$ 784
[1]	* Derived from audited consolidated financial statements.

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Line Items]
Accretable yield, beginning of period	$ 2,657	$ 2,822
Accretion	(264)	(534)
Reclassification from (to) nonaccretable difference	(6)	2
Other changes, net	181	278
Accretable yield, end of period	$ 2,568	$ 2,568

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period	[1]			$ 7,021
Allowance for loan losses, Balance, end of period		$ 7,692		7,692
Ending Balance: individually evaluated for impairment		115	$ 554	115	$ 554
Ending Balance: collectively evaluated for impairment		7,577	6,288	7,577	6,288
Loans
Ending balance: collectively evaluated for impairment		622,922	560,743	622,922	560,743
Ending balance: individually evaluated for impairment		10,327	13,707	10,327	13,707
Ending balance		632,187	574,450	632,187	574,450	$ 617,398	[1]
Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		7,518	6,919	7,012	6,844
Provision for loan losses		142	(207)	494	(77)
Loans charged-off		(236)	(146)	(247)	(239)
Recoveries		243	208	408	246
Allowance for loan losses, Balance, end of period		7,667	6,774	7,667	6,774
Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		9	0	9	0
Provision for loan losses		16	68	16	68
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		25	68	25	68
Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		7,527	6,919	7,021	6,844
Provision for loan losses		158	(139)	510	(9)
Loans charged-off		(236)	(146)	(247)	(239)
Recoveries		243	208	408	246
Allowance for loan losses, Balance, end of period		7,692	6,842	7,692	6,842
Loans
Ending balance		632,187		632,187		617,398
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		7	3	7	3
Ending Balance: collectively evaluated for impairment		1,095	1,074	1,095	1,074
Loans
Ending balance: collectively evaluated for impairment		79,719	69,875	79,719	69,875
Ending balance: individually evaluated for impairment		435	529	435	529
Ending balance		80,154	70,404	80,154	70,404	73,491
Commercial and Industrial [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,055	982	922	803
Provision for loan losses		66	192	198	365
Loans charged-off		(40)	(130)	(41)	(130)
Recoveries		5	33	7	39
Allowance for loan losses, Balance, end of period		1,086	1,077	1,086	1,077
Commercial and Industrial [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		16	0	16	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		16	0	16	0
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,055	982	922	803
Provision for loan losses		82	192	214	365
Loans charged-off		(40)	(130)	(41)	(130)
Recoveries		5	33	7	39
Allowance for loan losses, Balance, end of period		1,102	1,077	1,102	1,077
Loans
Ending balance		80,154		80,154		73,491
Construction Loans Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	78	0	78
Ending Balance: collectively evaluated for impairment		1,511	1,235	1,511	1,235
Loans
Ending balance: collectively evaluated for impairment		112,768	94,977	112,768	94,977
Ending balance: individually evaluated for impairment		511	1,056	511	1,056
Ending balance		113,279	96,033	113,279	96,033	107,688
Construction Loans Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,401	1,209	1,386	1,103
Provision for loan losses		107	100	116	202
Loans charged-off		(1)	0	(2)	0
Recoveries		4	4	11	8
Allowance for loan losses, Balance, end of period		1,511	1,313	1,511	1,313
Construction Loans Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,401	1,209	1,386	1,103
Provision for loan losses		107	100	116	202
Loans charged-off		(1)	0	(2)	0
Recoveries		4	4	11	8
Allowance for loan losses, Balance, end of period		1,511	1,313	1,511	1,313
Loans
Ending balance		113,279		113,279		107,688
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		96	299	96	299
Ending Balance: collectively evaluated for impairment		3,017	2,331	3,017	2,331
Loans
Ending balance: collectively evaluated for impairment		241,091	229,561	241,091	229,561
Ending balance: individually evaluated for impairment		6,831	6,910	6,831	6,910
Ending balance		247,922	236,471	247,922	236,471	259,259
Commercial Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		3,217	2,845	3,005	2,914
Provision for loan losses		49	(283)	219	(323)
Loans charged-off		(185)	0	(185)	(29)
Recoveries		32	11	74	11
Allowance for loan losses, Balance, end of period		3,113	2,573	3,113	2,573
Commercial Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	57	0	57
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	57	0	57
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		3,217	2,845	3,005	2,914
Provision for loan losses		49	(226)	219	(266)
Loans charged-off		(185)	0	(185)	(29)
Recoveries		32	11	74	11
Allowance for loan losses, Balance, end of period		3,113	2,630	3,113	2,630
Loans
Ending balance		247,922		247,922		259,259
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		12	66	12	66
Ending Balance: collectively evaluated for impairment		760	536	760	536
Loans
Ending balance: collectively evaluated for impairment		93,463	82,990	93,463	82,990
Ending balance: individually evaluated for impairment		1,527	2,936	1,527	2,936
Ending balance		94,990	85,926	94,990	85,926	87,955
Family Residential Real Estate 1 to 4 [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		688	606	605	630
Provision for loan losses		(101)	(45)	(114)	(85)
Loans charged-off		0	0	0	0
Recoveries		185	41	281	57
Allowance for loan losses, Balance, end of period		772	602	772	602
Family Residential Real Estate 1 to 4 [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		688	606	605	630
Provision for loan losses		(101)	(45)	(114)	(85)
Loans charged-off		0	0	0	0
Recoveries		185	41	281	57
Allowance for loan losses, Balance, end of period		772	602	772	602
Loans
Ending balance		94,990		94,990		87,955
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	108	0	108
Ending Balance: collectively evaluated for impairment		502	665	502	665
Loans
Ending balance: collectively evaluated for impairment		41,399	36,783	41,399	36,783
Ending balance: individually evaluated for impairment		656	939	656	939
Ending balance		42,055	37,722	42,055	37,722	42,002
Home Equity Line of Credit [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		585	851	564	930
Provision for loan losses		(102)	(96)	(96)	(137)
Loans charged-off		(1)	0	(1)	(40)
Recoveries		11	9	26	11
Allowance for loan losses, Balance, end of period		493	764	493	764
Home Equity Line of Credit [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		9	0	9	0
Provision for loan losses		0	9	0	9
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		9	9	9	9
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		594	851	573	930
Provision for loan losses		(102)	(87)	(96)	(128)
Loans charged-off		(1)	0	(1)	(40)
Recoveries		11	9	26	11
Allowance for loan losses, Balance, end of period		502	773	502	773
Loans
Ending balance		42,055		42,055		42,002
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0	0	0
Ending Balance: collectively evaluated for impairment		169	153	169	153
Loans
Ending balance: collectively evaluated for impairment		8,554	6,042	8,554	6,042
Ending balance: individually evaluated for impairment		0	0	0	0
Ending balance		8,554	6,042	8,554	6,042
Loans to Individuals and Overdrafts [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		150	167	137	185
Provision for loan losses		22	(7)	41	(11)
Loans charged-off		(9)	(11)	(18)	(35)
Recoveries		6	4	9	14
Allowance for loan losses, Balance, end of period		169	153	169	153
Loans to Individuals and Overdrafts [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		150	167	137	185
Provision for loan losses		22	(7)	41	(11)
Loans charged-off		(9)	(11)	(18)	(35)
Recoveries		6	4	9	14
Allowance for loan losses, Balance, end of period		169	153	169	153
Loans
Ending balance		8,554		8,554		7,255
Multi Family Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0	0	0
Ending Balance: collectively evaluated for impairment		523	294	523	294
Loans
Ending balance: collectively evaluated for impairment		45,928	40,515	45,928	40,515
Ending balance: individually evaluated for impairment		367	1,337	367	1,337
Ending balance		46,295	41,852	46,295	41,852	40,738
Multi Family Residential Real Estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		422	259	393	279
Provision for loan losses		101	(68)	130	(88)
Loans charged-off		0	(5)	0	(5)
Recoveries		0	106	0	106
Allowance for loan losses, Balance, end of period		523	292	523	292
Multi Family Residential Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for loan losses		0	2	0	2
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		2	2	2	2
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		422	259	393	279
Provision for loan losses		101	(66)	130	(86)
Loans charged-off		0	(5)	0	(5)
Recoveries		0	106	0	106
Allowance for loan losses, Balance, end of period		523	$ 294	523	$ 294
Loans
Ending balance		$ 46,295		$ 46,295		$ 40,738
[1]	* Derived from audited consolidated financial statements.

LOANS (Details Textual)

LOANS (Details Textual) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 10,327,000		$ 10,041,000
Impaired Loans Required for Specific Reserves	3,500,000		1,600,000
With no related allowance, Recorded Investment	6,870,000		8,486,000
Increase (Decrease) in Finance Receivables	1,400,000	$ 1,600,000	8,500,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	57,500,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Recorded Investment, Past Due, Total	571,000		142,000
Nonaccrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	5,900,000		6,600,000
Accrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,400,000		$ 3,400,000
Troubled Debt Restructurings [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,200,000	6,700,000
Troubled Debt Restructuring Accrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	2,900,000	3,700,000
Troubled Debt Restructuring Nonaccrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	1,300,000	$ 3,000,000
Unused Lines of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 142,600,000

ACCUMULATED OTHER COMPREHENSI42

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015
Beginning balance	$ 953	$ 1,131	$ 490	[1]	$ 809
Unrealized gain (loss) on investment securities available for sale	338	(680)	1,099		(72)
Tax effect	(113)	259	(397)		25
Other comprehensive gain (loss) before reclassification	225	(421)	702		(47)
Amounts reclassified from accumulated comprehensive income:
Realized gains on investment securities included in net income	0	(134)	(22)		(219)
Tax effect	0	45	8		78
Total reclassifications net of tax	0	(89)	(14)		(141)
Net current period other comprehensive income (loss)	225	(510)	688		(188)
Ending balance	$ 1,178	$ 621	$ 1,178		$ 621
[1]	* Derived from audited consolidated financial statements.

REPURCHASE AGREEMENTS (Details)

REPURCHASE AGREEMENTS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Available-for-sale Securities, Total	$ 69,879	$ 80,709	[1]
Repurchase Agreements [Member]
Available-for-sale Securities, Total	9,380	12,149
Gross amount of recognized liabilities for repurchase agreements	9,380	12,149
Government agency [Member]
Available-for-sale Securities, Total	17,694	21,226
Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	3,757	4,206
Mortgage Back Securities [Member]
Available-for-sale Securities, Total	35,408	39,536
Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	5,623	7,943
Overnight and continuous [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	9,380	12,149
Overnight and continuous [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	3,757	4,206
Overnight and continuous [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	5,623	7,943
Maturity Less than 30 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Less than 30 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Less than 30 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity 30 to 90 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Government agency [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	0	0
Maturity Greater than 90 Days [Member] | Mortgage Back Securities [Member] | Repurchase Agreements [Member]
Available-for-sale Securities, Total	$ 0	$ 0
[1]	* Derived from audited consolidated financial statements.

REPURCHASE AGREEMENTS (Detail T

REPURCHASE AGREEMENTS (Detail Textual) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Securities Sold under Agreements to Repurchase [Member]
Available For Sale Securities Pledged As Collateral Carrying Value	$ 9.4	$ 12.1

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015
Schedule Of Real Estate Owned Properties [Line Items]
Beginning balance January 1	$ 1,401	[1]	$ 1,585
Sales	(1,215)		(543)
Writedowns	(48)		(55)
Transfers	578		43
Ending balance	$ 716		$ 1,030
[1]	* Derived from audited consolidated financial statements.

OTHER REAL ESTATE OWNED (Deta46

OTHER REAL ESTATE OWNED (Details Textual) - USD ($)	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015	Dec. 31, 2014
Schedule Of Real Estate Owned Properties [Line Items]
Real Estate Acquired Through Foreclosure	$ 716,000	$ 1,401,000	[1]	$ 1,030,000	$ 1,585,000
Consumer Loan [Member]
Schedule Of Real Estate Owned Properties [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 104,000	$ 0
[1]	* Derived from audited consolidated financial statements.